Boursa Kuwait Securities Company (k.p.s.c) · KSE:BOURSA
Boursa Kuwait Securities Company (k.p.s.c) — Warba Bank — FY2025 Earnings Presentation
27 slides from Boursa Kuwait Securities Company (k.p.s.c)'s earnings presentation, Feb 9, 2026
Slide 1: Cover letter to Boursa Kuwait on analyst conference
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Slide 2: Disclosure of Material Information Form
WB 019 LH2- RD 10/2024 Disclosure of Material Information Form 09/02/2026 of the Listed Company Warba Bank (K.S.C.P) Material Information Analyst Conference meeting for the 4‘ Quarter 2025. 1. The analyst/ investor conference for Q4 of 2025 was held by means of Live Webcast at 12:00 p.m. local time
Slide 3: Investors Presentation Earnings Review Webcast Financial Year 2025
Investors Presentation Earnings Review Webcast Financial Year 2025
Slide 4: Disclaimer
Disclaimer THE INFORMATION SET OUT IN THIS PRESENTATION AND PROVIDED IN THE DISCUSSION SUBSEQUENT THERETO DOES NOT CONSTITUTE AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE AT AN INVESTOR PRESENTATION AND IS PROVIDED AS INFORMATION ONLY. THIS PRESENTATION DOES N
Slide 5: Contents
Contents • Economic Outlook Bank’s Profile Strategy • Bank ’s Profile & Strategy Business Overview Highlights • Business Overview & Highlights Financial Performance • Financial Performance QA • Q&A Appendix • Appendix
Slide 6: Economic Outlook
Economic Outlook Key Indicators Real GDP Growth Real GDP Growth A1/ AA- / AA- GDP (current prices Bn USD) Sovereign Ratings Stable / Stable / Stable Sovereign (Moody’s / S&P / Fitch) 184 Gross Domestic Product 165 160 157 USD 160.23bn – Year 2024 6.8% Ref.: World Bank Group 2.6% Proven Crude Oil Res
Slide 7: Banking Sector
Banking Sector Key Highlight Asset Quality NPL Coverage NPL Ratio ▪ In terms of monetary policy developments, the Central Bank of Kuwait has adopted a 308.5% 311.9 % balanced & flexible approach in gradual amendments of discount rate, while 263.5% 239.3% underscore proactive financial stability in e
Slide 8: Contents
Contents Economic Outlook • Economic Outlook • Bank ’s Profile & Strategy Business Overview Highlights • Business Overview & Highlights Financial Performance • Financial Performance QA • Q&A Appendix • Appendix
Slide 9: Bank Profile
Bank Profile Financial Snapshot (USDmn) YE-2023 YE-2024 YE-2025 Overview Financing Receivables 11,257 11,823 13,122 Total Assets 15,753 17,182 19,739 ▪ Warba Bank K.S.C.P. (“Warba” or the “Bank”) is a Kuwaiti public shareholding company that was incorporated on 17 February 2010 in Kuwait and officia
Slide 10: Vision and Strategy
Vision and Strategy VALUES PURPOSE Contributing to people, businesses, and society by empowering them to achieve their ambitions . TRUST PERFORMANCE AMBITION VISION Creating unique value in banking We focus on our We aim to excel at We have the drive and beyond to unlock opportunities customers to g
Slide 11: Sustainability Highlights
Sustainability Highlights $500 million 84.3% KD 138,500 77.6% (KD 152million) Nationalization Rate Contributed to Community Local Suppliers Sustainability Sukuk Issued Initiatives 90 % 3 KD 340,000 KD 12,376 Customer Satisfaction Index (CSI) Kuwaiti Women in Executive Investing in training Contribut
Slide 12: Contents
Contents Economic Outlook • Economic Outlook Bank’s Profile Strategy • Bank ’s Profile & Strategy • Business Overview & Highlights Financial Performance • Financial Performance QA • Q&A Appendix • Appendix Financial Year 2025 , Investors Presentation
Slide 13: Business Segments - Overview
Business Segments - Overview Corporate Banking Group Retail Banking Group Contribution to Total Assets (FY - 2025) • COPORATE BANKING GROUP IS THE KEY INCOME • RETAIL BANKING GROUP OFFERS A WIDE RANGE KD 6,0 28.2Mn GENERATING AREA FOR THE BANK THAT OFFERS OF RETAIL BANKING PRODUCTS AND RELATED CASH
Slide 14: Business Highlights
Business Highlights “Let ’s Own Tomorrow ” Prestigious Awards Digital Banking “International “Rowad 6.0” Successfully completed the Business Magazine” Completed with a record 96 applicants, forming a largest rights issue in Kuwait’s • Most Sustainable Bank strong cohort from top EU universities, inc
Slide 15: Contents
Contents Economic Outlook • Economic Outlook Bank’s Profile Strategy • Bank ’s Profile & Strategy Business Overview Highlights • Business Overview & Highlights • Financial Performance QA • Q&A Appendix • Appendix Financial Year 2025 , Investors Presentation
Slide 16: Balance Sheet Progress
Balance Sheet Progress Figures in Million KWD Assets Assets Composition 24.8% 13.9% Financing Investments Others 71% 69% 66% 6,028 4,832 5,294 14% 14% 22% 15% 17% 12% 2023 2024 2025 2023 2024 2025 Funding Funding Mix Due to Banks & FIs Customer Deposits Senior Sukuk 13.5% 3.7% 27% 28% 26% 4,790 4,96
Slide 17: Assets Quality
Assets Quality Figures in Million KWD Financing Financing by Segment Corporate Retail 16.1 % 10.0% 4,007 81% 81% 82% 3,453 3,643 19% 19% 18% 2023 2024 2025 2023 2024 2025 NPL Ratio Coverage Ratio NPL % NPL 322% 1.4% 1.3% 0.8% 53.6 53.0 190% 176% 29.5 2023 2024 2025 2023 2024 2025 Financial Year 2025
Slide 18: Assets Quality (Continued)
Assets Quality (Continued) Figures in Million KWD Gross Financing ECL Classification Stage 1 by Stages Stage 2 3,548 3,737 4,108 Stage 3 1.1 % 1.2% 1.4% ECL Classification Stage 1 Stage 2 Stage 3 Total 7.2% Gross Financing 3,757 294 57 4,108 8.5% 8.4% 90.4% 90.4% 91.5% Non Cash Facilities 540 51 20
Slide 19: Capital Adequacy
Capital Adequacy Figures in Million KWD Capital Adequacy Risk Weighted Assets T. CAR Ratios % RWA / T. Assets RWA T1CAR 17.0% 16.8% 16.9% RWA +21% CET 1 53% 51% 50 % 15.8% 15.6% 15.7% 12.8% 3,179 12.8% 2,484 2,623 10.9% 2023 2024 2025 2023 2024 2025 Capital Base Regulatory Leverage CET 1 Leverage %
Slide 20: Earnings Results
Earnings Results Figures in Million KWD Net Profit Net Profit ( before) Provision +122% +83% 49.6 62.2 33.9 22.4 2024 2025 2024 2025 Operating Cost Operating Income Staff Cost +2% Financing +36% G&A Investment 46.4 47.1 109.3 Depreciation Fees & Others 80.3 63% 64 % 55% 68% 21% 23% 30 % 13% 16% 14%
Slide 21: Earnings Results (Continued)
Earnings Results (Continued) Figures in Million KWD Net Financing Margin Net Financing Income (NFM) +9.1% 1.50% +5 bps 1.45% 54.8 59.8 2024 2025 2024 2025 Earning Per Share Investment Income (EPS) 208% +3.53Fils 32.7 11.46 7.93 10.6 2024 2025 2024 2025 Financial Year 2025, Investors Presentation Pag
Slide 22: Earnings Results (Continued)
Earnings Results (Continued) Financing Provision Cost to Income Ratio Charges % 58% 0.25% +2 bps 0.23% - 15% 43% 2024 2025 2024 2025 ROAE ROAA “ Shareholders ” 0.86% 7.1% +41bps +112bps 5.9% 0.45% 2024 2025 2024 2025 Financial Year 2025, Investors Presentation Page - 21
Slide 23: Contents
Contents Economic Outlook • Economic Outlook Bank’s Profile Strategy • Bank ’s Profile & Strategy Business Overview Highlights • Business Overview & Highlights Financial Performance • Financial Performance • Q&A Appendix • Appendix Financial Year 2025 , Investors Presentation
Slide 24: Contents
Contents Economic Outlook • Economic Outlook Bank’s Profile Strategy • Bank ’s Profile & Strategy Business Overview Highlights • Business Overview & Highlights Financial Performance • Financial Performance QA • Q&A • Appendix Financial Year 2025 , Investors Presentation
Slide 25: Financial Statements - Comparative
Financial Statements - Comparative Figures in Thousand KWD Growth (YTD) Growth (Y-o-Y) Balance Sheet YE-2025 YE-2024 Statement of Profit or Loss YE-2025 YE-2024 KWD % KWD % Placements & Balances with Banks 600,103 841,665 (241,562) (29%) Financing Income 257,916 244,859 13,057 5% Financing Receivabl
Slide 26: Financial Statements - Trend
Financial Statements - Trend Figures in Thousand KWD Balance Sheet 2023 2024 2025 Statement of Profit or Loss 2023 2024 2025 Placements & Balances with Banks 633,597 841,665 600,103 Financing Income 224,809 244,859 257,916 Financing Receivable 3,452,952 3,642,603 4,007,489 Financing Cost 180,782 190
Slide 27: Contact Us: IR@warbabank.com
CONTACT US: IR@WARBABANK.COM For Warba IR – Please visit Website or Application using QR codes. IR Website IR Application